American Express 2015 Annual Report Download - page 179
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Maturities and Sensitivities to Changes in Interest Rates
The following table presents contractual maturities of loans and Card Member receivables by customer type, and
segregated between U.S. and non-U.S. borrowers, and distribution between fixed and floating interest rates for loans
due after one year based upon the stated terms of the loan agreements.
December 31, (Millions) 2015
Within
1 year (a) (b)
1-5
years (b) (c)
After
5 years (c) Total
Loans
U.S. loans
Card Member ................................................. $ 51,393 $ 53 $ — $51,446
Other ........................................................ 646 248 179 1,073
Non-U.S. loans
Card Member ................................................. 7,125 1 1 7,127
Other ........................................................ 119 82 — 201
Total loans ................................................... $59,283 $384 $180 $59,847
Loans due after one year at fixed interest rates ................... $308 $ 79 $ 387
Loans due after one year at variable interest rates ................ 76 101 177
Total loans ............................................... $384 $180 $ 564
Card Member receivables
U.S. Card Member receivables
Consumer .................................................... $23,252 $ 3 $ — $23,255
Commercial .................................................. 8,961 — — 8,961
Non-U.S. Card Member receivables
Consumer .................................................... 7,101 — — 7,101
Commercial .................................................. 4,816 — — 4,816
Total Card Member receivables .............................. $44,130 $ 3 $ — $44,133
(a) Card Member loans have no stated maturity and are therefore included in the due within one year category. However, many of the Company’s
Card Members will revolve their balances, which may extend their repayment period beyond one year for balances due at December 31, 2015.
(b) Card Member receivables are immediately due upon receipt of Card Member statements and have no stated interest rate and are included
within the due within one year category. Receivables due after one year represent modification programs classified as Troubled Debt
Restructurings (TDRs), wherein the terms of a receivable have been modified for Card Members that are experiencing financial difficulties and a
long-term concession (more than 12 months) has been granted to the borrower.
(c) Card Member and other loans due after one year primarily represent installment loans and approximately $55 million of TDRs.
A-6